RBC To Raise In $1.6B Debt

Royal Bank of Canada(RBC)is raising $1.6 billion in a sale of bonds,The Wall Street Journalreports. The U.S. dollar-denominated bonds will be issued in the global debt market.

The offering includes $1.25 billion of five-year fixed notes and a $350 million reopening of RBC’s $900 million floating-rate note issue scheduled on April 17, 2014. The issue is led by RBC,CitigroupandWells Fargo Securities.

Click here for the story fromThe Wall Street Journal.